FIRE employment was greater than last quarter by 1220 employees or 1.1%. Insurance Carriers (63) added 581 employees, the largest sector gain. Increases resulted from expansions in institutions providing health insurance and medical service plans. Gains also occurred in life and fire, marine & casualty insurance. Growth in Title Insurance which had been very active remained relatively unchanged the second quarter in a row. Credit Agencies (61) secured the second largest increase up 353 employees. The major block of new hires came from a new company in Business Credit Institutions. Mortgage Bankers & Brokers (616) which also had been very expansive reflected no activity this quarter. Real Estate (65) was the only sector to decline losing 418 employees. Losses were seasonal as summer staff for landscape and pool maintenance were let go by real estate management firms.
ANNUAL
FIRE rose 5.3% over a year ago adding 5903 employees. All sectors gained employment over the year. Insurance Carriers (63) incurred the largest gain up 2047 employees. Half of its gain occurred in Accident & Health Insurance & Medical Service Plans (632) as a result of SIC changes into the subsector in January and expansions at a couple of major firms. Fire, Marine & Casualty Insurance acquired a large new company contributing to the addition of 612 employees. The second largest annual increase was reported in Credit Agencies (61) up 1105 employees. Although Mortgage Bankers & Brokers had little activity this quarter, its annual growth comprises more than half of the increase in Credit Agencies. Security & Commodity Brokers & Dealers (62) added 732 employees due to expansions at a handful of businesses. Real Estate (65) added 732 employees and Insurance Agents (64) added 714.
Colorado Employment and Wages (ES202) Fourth Quarter 1996
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